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SpectraMedix EMPI Delivers More Than 99% Matching Engine Accuracy
Advanced Probabilistic EMPI Lays the Foundation for Better Predictive Modeling
"Value-Based Payment programs rely on access to clean, high-quality data," said Dr. Raj Lakhanpal, CEO of SpectraMedix. "A highly accurate EMPI is an essential resource for payers and providers, providing the whole-patient view required to facilitate value-based care. The newly advanced EMPI from SpectraMedix applies probabilistic matching for more complete, comprehensive patient matching."
Utilizing proprietary machine learning methodologies and proven data matching algorithms, the SpectraMedix EMPI is able to probabilistically match patients with a more than 99% matching engine accuracy. This greatly improves an organization's ability to identify high utilizers, implement risk-based models, analyze performance, and improve outcomes. Unlike deterministic matching, probabilistic matching uses weighted measurement of demographic data and values to determine the likelihood of match between two records. The SpectraMedix EMPI gives payers and providers a more complete, holistic perspective of a patient's medical history across the entire health care network, while helping to reduce costs by eliminating things like redundant testing.
The SpectraMedix EMPI provides the foundation necessary for accurate health care predictive models, including risk adjustment. A more complete and well-organized medical history allows for the detailed documentation and medical coding necessary for an accurate RAF (Risk Adjustment Factor) score for providers, allowing them to take advantage of an accurate capitated rate.
SpectraMedix helps healthcare payers and providers make the most of the journey to value-based care. The SpectraMedix Platform™ ensures they have access to the right data, at the right time, to succeed in the range of value-based arrangements. The Platform's advanced data aggregation, analytics, and performance improvement solutions provide healthcare organizations care gap resolution, financial incentive quantification and forecasting, prospective risk analysis, contract analytics and an Enterprise Master Patient Index delivered in a secure, cloud-based environment. Its data integration capabilities include real-time EHR interfaces, including FHIR, and APIs can be leveraged to import data directly from EHR systems on-demand and in real-time. SpectraMedix is among the top vendors supporting Medicaid reform initiatives in New York State. Learn more by visiting: https://www.spectramedix.com/
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